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CNBC
Nov 20, 2012 3:00pm EST
signed. some of those lawmakers include senator john mccain of arizona, tom coburn of oklahoma, and senator lindsay graham. take a look at this quote. this is what lindsay graham told his hometown newspaper just yesterday. he said, i signed it, meaning the pledge, in 2002. i'm not signing anymore pledges. i'm just going to take an oath to the constitution. i ain't signing no more pledges. that's what lindsay graham says about the pledge to grover norquist's group not to raise taxes ever on anyone under any circumstances. obviously, with the fiscal cliff looming, that pledge may have to be broken by a number of republicans. i've talked to grover norquist about this issue. he says he's going to hold the line. those members of congress who signed that anti-tax pledge have pledged to the american people, not to him, not to raise taxes. he's going to hold them to t guys. >> all right, eamon. thanks very much. be sure to tune into "the kudlow report" tonight. larry's guest is grover norquist. that's tonight at 7:00 p.m. eastern. >>> raising taxes on only the wealthy does not do a lot to d
CNBC
Nov 13, 2012 3:00pm EST
, two exclusive interviews. don't miss cisco ceo john chaim bers and the nyse chief coming up at 4:00 p.m. only on the "closing bell." i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. >>> welcome back. mitt romney may have lost the presidential election, but some democrats are warming to one of his key tax reform proposals. remember this? >> everybody gets -- i'll pick a number -- $25,000 in e ductided and credits. you can decide which ones to use. home mortgage interest deduction, childcare tax credit and so forth. you can use those in filling that bucket of deduction. >> robert frank looks at how a deduction bucket impact everything. >> the gop doesn't want to raise tax rates. many
CNBC
Nov 16, 2012 3:00pm EST
a rough week. it's even worse since the election, down about 5%. >> john, i would like to kick this off with you. what is, first of all, the latest in washington? >> mandy, bill used the word hope a moment ago. everybody since the election has been hoping that washington, both parties, white house and congress, can find some way to work together. that was the tone the president struck when he gathered the bipartisan leadership of congress at the white house this morning. >> my hope is that this is going to be the beginning of a fruitful process where we're able to come to an agreement that will reduce our deficit in a balanced way, that we will deal with some of these long-term impediments to growth, and we're also going to be focusing on making sure that middle class families are able to get ahead. >> and nobody, including the president, could fail to have been encouraged by the tone that was struck by all four members of the bipartisan leadership when they came out from that meeting this morning, including the most important negotiating partner of all a, house speaker john boehner
CNBC
Nov 14, 2012 3:00pm EST
, john, for oil. >> we're going to continue to go higher, maria. this looks like it's the start of something. this was the first move by the israelis. took out two senior hamas leaders. they said this is going to be a multiweek exercise. when you're talking about hamas, you're really talking about iran's proxy state, iran's proxy army. so the fingerprints are all over it. the door is going to be wide open for a spillover even further into iran. make trouble in bahrain, make trouble in saudi arabia. it's really going to be on the rise here the next couple weeks. >> new york oil is up 86 cents. am i wrong to believe it should be up more if this is that big of a deal? >> yes, bill. we would be down but for this episode today with the rest of the markets clearly. the outlook for oil demand next year keeps gets worse and worse as the economy looks to decline globally, particularly in china and japan. the fact we're up at all in the face of a 126-point down dow speaks a lot to the nervousness of the oil market here. >> obviously, the benchmark is benton in london. how much high doer you
CNBC
Nov 13, 2012 4:00pm EST
cisco's earnings? you'll hear those in a moment exclusively from john chambers. see you tomorrow. >>> it is 4:00 on wall street. do you know where your money? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo at the new york stock exchange. the post-election hangover continues on wall street. here's a look at how we're settling out today. we're ending near the lows, in fact, at the lows. down 60 points on the dow industrial average. nasdaq composite, weaker by 20 points. technology one of the laggards here today at 2883. the s&p 500 tonight gave up five points at 1374. we are moments away from quarterly earn from cisco. the company is expected to report a profit for the first quarter of 46 cents a share and revenue of $11.77 billion. let's get to today's market action as we await the numbers. good to see everybody. thanks for joining us. carol, what are you expecting in 2013 under president obama's policies? >> i'm not expecting anything very good, maria. i think that we're going to end up with some sort of a slow down. i think whatever the compromise that en
FOX Business
Nov 12, 2012 3:00pm EST
, john, obviously the story has been oil, but also we got this report out that, you know, really the united states is going to be the number one oil producer, in the next several years because of the technology of fracking. is that do you think a bullish tone for the markets? >> well, i think you want to look at, you know, both oil exporting countries and oil importing countries. if you look at the u.s., in the past always been a concern to equity risks in general. if you want to understand what the oil market has been this year and energy market in general, two key relationships. the first is between wti and brent. we have seen that thread work out to all-time highs. i believe right now december on december, is about $23. meaning the price of brent is $23 higher than price of wti. that can be explained by what came out of the report today. there's a shift taking place. obviously supply in the united states is at highs. and cheap oil in general is a very bullish thing for commodities. where cheap oil begins to become a problem like in 08 is if it's associated with weak economic growt
FOX Business
Nov 16, 2012 3:00pm EST
after john boehner said he had constructive talks with president obama on averting the fiscal cliff of spending cuts and tax hikes. right now, the dow jones is up 43 points. modest gains across the board. meanwhile, shares of penn national are jumping. they also plan to transform into the first gambling real estate investment trust. they plan to go with a tax-free dividend. and all consumers want for christmas is a tablet. the tablet tops this year holidays wish list for adults. consumers are expected to spend an average of 252 bucks on electronics this year. just $6 more than a year ago. now we continue our countdown to the closing bell that liz claman. liz: here is something interesting. today we saw the first ipos in the election. how did it do? let's find out from the coal. reporter: is actually the mascot of the company that we are talking about. i don't think it has anything to do these cute, black labradors. the pricing of the stock was 13 to 15. actually priced at $15. take a look at where it is right now. okay, that would be at the lower end of the original that was discuss
CNBC
Nov 14, 2012 4:00pm EST
be doing with your money, kwint, quint is joining me. we also have john buckingham of al frank asset management. thanks, everybody, for joining us. first, michelle, let me get your news, the latest on the attack out of israel on hamas. this, of course, another major news story today that we're following and the reason oil prices have spiked. >> the latest is the israelis have said there's going to be a lot more of what you've already seen. let's show you what's already happened. this video is incredible. it's released by the israeli defense forces. follow that car. what you'll see is not a car bomb. it is a targeted attack by the israeli air force. inside the military leader of hamas was directly targeted. this is operation pillar of defense. it was announced today on twitter by the israeli defense force. take a look at what the spokesperson posted on twitter. he said, we recommend no hamas operatives, whether low level or senior leaders show their face above ground in the days ahead. one of the reasons why oil spiked earlier. the israelis say this is in response to hundreds of rocke
FOX Business
Nov 14, 2012 3:00pm EST
industrial, john chambers coming up in the next couple of minutes. lockup expiration date for facebook. nicole petallides, a bit of behavior the stock is having today. nicole: it is true, it gives the opportunity for insiders to sell if they were in on the ipo or the original shares they have the opportunity to get out. it turns out they're not really getting out. on the contrary, double-digit gains, a great day for facebook, the same day the chief financial officer of the zynga is going over to facebook. that is a winner when you talk about names like farmville and draw something. both are doing extremely well. particularly on a day the dow was down at least 160 points. back to you. liz: am i going to get blamed for this? we will see what we can do in the next about 43 minutes. facing a slowdown at home, china is busy staffing of companies in the united states on track to set a new record, gigantic whale of an asset. so how can investors play the downturn in china? managing director wrote this report, it is interesting because it is so reminiscent of the japanese in the 80s. the diffe
FOX Business
Nov 13, 2012 3:00pm EST
basically said no. follows the reporting that we had today that i was reporting that, you know, that john lou is sort of been singled as the guy -- cheryl: jack. >> jack lou, i'm sorry. erskine bowles is not going to get it. and although i think it was lott who said that the president's smart enough, he will appoint erskine bowles because it will be a show of compromise with the republicans. i think the market would go up. it would be good for the markets. you know, by the way, when we say good for the markets, we are not saying wall street is going to make a lot of money. everybody that's watching this show is in the market. i don't care if you are a construction worker. you have a money in a 401(k). you have money in a pension plan that's in the markets. the markets are the public right now. when we talk about the markets going up, that's a good thing for everybody. cheryl: remember, they are probably in your 401(k). >> right, they are probably in your 401(k) or you have a checking account. just remember, when we talk about markets, not an esoteric thing. probably will have more on this
CNBC
Nov 12, 2012 4:00pm EST
it comes to ceos being fired for having heat affairs. >>> shocking allegations. john mcafee, founder of the software company has been accused of murder in belize. stay with us on this story. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ you're the commander-in-chief of your own life. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can
CNBC
Nov 16, 2012 4:00pm EST
points. >> yes, i ran fast, mandy. earlier today, john boehner, the speaker of the house, spoke. the markets spiked. as you hear this sound bite, we're going to show you the dow intraday, what it did, and where you see the spike. it's a spike of more than 100 points. that's when speaker boehner spoke. listen to this. >> i believe that we can do this and avert the fiscal cliff that's right in front of us today. >> is this really what led to today's midday turn around, or was it something else? let's talk about that. quincy crosby joins us. mark spellman and kevin carone. quincy, is it that simple? they came out, they used the word constructive, framework, corner stone, all those positive words, and the market took off. >> absolutely. i was watching the body language when they finished up. they walked together. they didn't separate. the market kept making gains. it was that immediate. >> mark, do you agree? >> yeah, i think it was important. we've been looking for good news. the fact that everyone's heels aren't dug in quite as badly, it's good news and what otherwise has been a bad ne
FOX Business
Nov 15, 2012 3:00pm EST
exchange, cme group and nynex, john cortines, screaming buy or dipping your toe in or standing by? >> you got a special co-host on monday, myself, i am looking forward to that. , and i'm looking forward to the experience. the market does not have enough strength. and other trading days this session. the market runs out of steam. it is not so far today. investors look at this, they see red and the market down. this adds to the negative sentiment. a short week, holiday week. and away from trading, that will lead to the volatility, looking forward to december. liz: we are hearing another session or two or move downward, that is what we are talking about, some stabilization we won't see the world in but what are traders in chicago saying? >> one positive notes u.s. dollars gaining on a day-to-day basis, doesn't gain a lot, and the cause to that, the japanese yen is starting to lose ground. in the 81 level, most traders looking for 83 or 84. just before holiday next week. that area as we hit europe, it arrives in the streets there, but the second recession so to speak, we're not seeing
FOX Business
Nov 19, 2012 3:00pm EST
of the montization of the mobile positivity might help this company. john is coming back with some of his favorite sector plays, and again, his clients, the big money, faster money guys and what they are doing with their money right now. closing bell ringing in 50 minutes. right now, what a time to be a gamer. brand new versions of hot games to play on the highly-anticipated nintendo wii-u which is sold out. $300 product, it just flew off the shelves by the hundreds of thousands. same with call of duty, black ops 2, released last week. how much is gamestop profiting? gamestop the one retailer that's able to sell this stuff in big force. i will ask the man in charge in a fox business exclusive. he's only talking to fox business. he's the ceo. he will join me live. can i help you? i heard you guys can ship ground for less than the ups ste. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer break from the holiday stress. save on ground shipping at fedex office. liz: so i'm j
CNBC
Nov 15, 2012 4:00pm EST
solve the problem by broadening the base, simplifying the code. >> both the president and john boehner, the speaker of the house, speak to be drawing lines in the sand. so this is why people are now becoming like senator simpson and sort of giving up a bit on a deal before year end. they're drawing lines in the sand over raising tax rates on the rich. i want you to listen to what they both said yesterday. listen to this. >> you've said that the wealthiest must pay more. would closing loopholes instead of raising rates for them satisfy you? >> i think there are loopholes that can be closed, and we should look at how we can make the process of deductions, the filing process easier, simpler, but when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it. >> the issue there is we are not going to hurt our economy and make job creation more difficult, which is exactly what that plan would do. there are ways to put revenue on the table without increasing tax rates. >> what's your reaction? >> i'm actually more hopeful than al is.
Search Results 0 to 14 of about 15